I agree Sevo, I find the NAIF funding difficult to understand...

I agree Sevo, I find the NAIF funding difficult to understand but good luck to them if they can get it. Remembering though that NAIF are still doing the DD. It would be embarrassing if a loan/ financing facility did't eventuate. I'm actually at odds as to how and why it was announced without 100% realisation.
In saying that, Management at APC has always been very methodical and measured in their approach since the early days of assessment, drilling and announcing, so I am assuming they hold a very high confidence in being able to access a good loan deal from NAIF.
DYOR
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